Reply to New real estate assessment rates are released from State of Maryland

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Property tax assessments should only be done once every 10-20 years.  Who gives a crap what a home is worth on paper. I can't live in fake wealth on paper.  Homes are a place to live, they're not the stock market.  Constantly increasing taxes on housing creates instability for shelter. Awful.  They're just numbers on paper while people need actual places to live.  [/quote]

Wait until you find out about rent.[/quote]

I'm a landlord in MoCo.  I'm not eating the increased tax bill - of course I'm passing it on to my tenants next time they renew their lease.  If MoCo was really serious about affordable or attainable housing they would consider how this will increase rents in the county.  It just proves that this upzoning AHS is just a money grab to increase the tax base.[/quote]

Good for you. Is your assessment based on the revenue model? If so you’re probably making out big time because the revenue model consistently underestimates market value. [/quote]

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